WTI crude oil has dropped below 100 again, coupled with the continued decline in Korean stocks today. U.S. stocks are also starting to follow suit in pre-market trading. As expected, this week is still mainly about volatility, but if nothing unexpected happens, the bottom should be in before the end of October. By November, with improved liquidity, there should be a significant rebound, and then in December, we’ll price in rate hike-driven declines again.